Government mortgage lending declines by 14% in Azerbaijan

Namig Huseynov
Author

Mortgage lending through Mortgage and Credit Guarantee Fund (MCGF) amounted to AZN 100,007,000 in January-June 2019, which is 14.2% less than the same period of 2018, Report informs citing the Central Bank of Azerbaijan.

In the reporting period, the amount of loans refinanced by the MCGF rose by 25.2% to AZN 135.6 million.

Amount of funds attracted through securities issue dropped by 57.9% to AZN 40 million.

Funds allocated from the state budget to the MCGF slipped by 60% to AZN 20 million. 

Other News

Azerbaijan publishes Medium-Term Expenditure Framework for 2027-2030 15 October, 2026 / 23:49
Global economic developments and their impact on Azerbaijan discussed in Bangkok 15 October, 2026 / 17:16
ING lowers its inflation forecast for Azerbaijan for 2026 15 October, 2026 / 17:10
ING Group: Azerbaijan's economy to grow by average of 2.3% in 2026-2028 15 October, 2026 / 17:03
Azerbaijan's CBA discusses expanding cooperation with BNY Mellon 15 October, 2026 / 16:30
ING: Azerbaijan least vulnerable to external shocks among CIS-4 economies 15 October, 2026 / 16:03
Budget revenues in Azerbaijan from state property privatization up 10.7% 15 October, 2026 / 12:28
Azerbaijan's banking sector capital position shows mixed trends 15 October, 2026 / 12:24
Azerbaijan to reform market for introduction of Islamic finance 15 October, 2026 / 12:22
Azerbaijan's financial sector grows 7% in 1H2026 15 October, 2026 / 11:59
CBA currency exchange rates (15.10.2026) 15 October, 2026 / 09:20
Key indicators of world commodity, stock, and currency markets (15.10.2026) 15 October, 2026 / 09:03
Gold prices fall sharply as stronger US inflation boosts dollar 14 October, 2026 / 23:30
Davr Bank renamed ABB Davr Bank as management is restructured 14 October, 2026 / 21:56
Azerbaijani delegation attends IMF, World Bank Annual Meetings in Bangkok 14 October, 2026 / 19:55
Kazakhstan's new IMF contribution to benefit Azerbaijan 14 October, 2026 / 18:11
Azerbaijan, Chile discuss cooperation in financial markets 14 October, 2026 / 16:28
IMF provides strategic planning recommendations to Azerbaijan's Central Bank 14 October, 2026 / 15:54
Azerbaijani delegation participates in annual meetings of WB/IMF in Bangkok 14 October, 2026 / 10:15
CBA currency exchange rates (14.10.2026) 14 October, 2026 / 09:20